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Avalanche

Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.

The Avalanche protocol was released by an anonymous group called Team Rocket in May of 2018. It was then developed by a group of Cornell researchers led by Emin Gun Sirer, who is now the founder and CEO of Ava Labs. 

The Avalanche Mainnet was launched in September 2020, when it also issued its native $AVAX token. 

Avalanche is an open, programmable smart contracts platform built to enable the launch of decentralized applications that are scalable and secure. 

Avalanche is designed with an emphasis on interoperability, meaning its infrastructure could be utilized by a multitude of blockchains that use $AVAX as the underlying token. 

$AVAX has a capped supply of 720 million tokens. The rate at which the maximum cap is reached is subject to governance of token holders. 360 million tokens were supplied at the genesis block, while the remaining 360 million are minted over time. 

Avalanche has gained traction with decentralized finance applications due to its high speeds and low costs. Total value locked (TVL) on the Avalanche ecosystem exceeds $13 billion as of Nov. 2021. It crossed $1 billion for the first time in late August 2021.


Avalanche's top DeFi protocols by TVL are Aave and Trader Joe. TVL represents the amount of assets being staked on a certain protocol.

Dogecoin

Hedera

The U.S. Securities and Exchange Commission punted next steps on the Bitwise Dogecoin ETF, Grayscale Hedera Trust, and VanEck Avalanche ETF.

SEC delays next steps for Dogecoin, Hedera and Avalanche ETF filings

Avalanche AVAX found support after a substantial decline on the short-term, according to CoinDesk Research's technical analysis model.

AVAX Rebounds From Key Support After 6% Plunge

Avalanche's AVAX AVAX token has established strong support around the $22 level, successfully defending against multiple downward tests, according to CoinDesk Research's technical analysis model.

AVAX Adds 4% as $22 Support Zone Holds

The price of Avalanche (AVAX) is falling to the bottom of the chart due to the rejection of the moving average lines.

Avalanche Falls Below The $22.50 Threshold

Avalanche's token AVAX is demonstrating short-term strength, climbing from $20.91 to a peak of $22.47, which represents a 7.4% range, according to CoinDesk Research's technical analysis model. The token then experienced a 1.65% correction.

AVAX Up 4.2% as It Establishes Uptrend Channel

Avalanche's AVAX AVAX token continues to demonstrate significant volatility as it weakens following its recent rally.

AVAX Forms Critical Short-Term Support at $20.25 Level

Traders have bridged to Avalanche to start trading meme coins, as SocialFi app The Arena sees activity explode.

Avalanche Meme Coin Trenches Heat Up as AVAX Lambo Token Touches $25 Million

Avalanche's native token AVAX surged more than 6% in the last 24 hours, outpacing the broader crypto market as measured by the CoinDesk 20 (CD20) index, which rose 0.8% in the same period.

AVAX Jumps 6% as Trump-Musk Tensions Fade and Institutional Momentum Builds

Crypto markets were shaken on Thursday when U.S. President Donald Trump and Tesla CEO Elon Musk engaged in a heated argument on social media over the U.S. national debt, which cumulated in the world's richest man endorsing Trump's impeachment and claiming the twice-elected politician was implicated in the Jeffrey Epstein files.

AVAX Surges 6% After Musk-Trump Dispute Sell-Off

Avalanche's AVAX AVAX token experienced significant price fluctuation in the short term, trading within a 5.5% range between $21.16 and $19.98. Bears remain in control despite intermittent support around the $20.10 level.

AVAX Drops 5%, Forming Bearish Pattern on Short Time Frame

AVAX AVAX broke below key support levels on increased trading volume on Wednesday, tracking's bitcoin's BTC 1.1% decline over 24 hours.

AVAX Drops 4% as Critical Short-Term Support Breaks

AVAX broke through key resistance levels on high volume, establishing new support zones around $21.30 as traders navigate complex market conditions influenced by international trade disputes and monetary policy speculation.

AVAX Rises 3.8% on Strong Volume, Breaking Key Resistance Levels

Global economic uncertainties and escalating trade tensions have sent ripples through cryptocurrency markets, with Avalanche (AVAX) experiencing a sharp 8.5% decline over the past 24 hours.

AVAX Plunges 9% as Global Economic Tensions Rattle Crypto Markets

Avalanche (AVAX) has fallen back above the 50-day SMA support or the low of $21.86 after falling below the moving average lines.

Avalanche Price Collapses And Continues Its Decline To $19

Avalanche price prediction: AVAX is shaped by subnet adoption, DeFi growth, and market trends, with mixed sentiment on scalability and long-term potential.

AVAX Price Prediction - What could affect AVAX's future price?

The cryptocurrency market is experiencing significant downward pressure as global economic uncertainties impact digital assets across the board. Avalanche (AVAX) has been particularly affected, with increased selling occurring at high volume, establishing strong resistance at the $22.35 level.

AVAX Slides 7% Before Establishing Strong Resistance at $22.35 Level

Avalanche (AVAX) is a blockchain platform designed to provide a high-performance, scalable, and customizable ecosystem for building decentralized applications (DApps) and blockchain networks.

Avalanche (AVAX): A High-Performance, Scalable, And Customizable Ecosystem

Bergen County, New Jersey is turning to the Avalanche AVAX network to put its entire property record system on blockchain, claiming to be the largest property deed tokenization project in the U.S.

New Jersey's Bergen County to Tokenize $240B in Real Estate Deeds on Avalanche Network

Bitcoin

Worldcoin

Altcoins have started to soar as Hyperliquid breaks its all-time high, amid a $1 billion leveraged Bitcoin bet.

Altcoins AVAX, HYPE, WLD, Fly As Bitcoin Hovers Near All-Time High

Avalanche (CRYPTO: AVAX) rallied sharply, and jumped 8.5% to $25.1 after trading near the low $20s. The token had been around $22 before the surge, and now sits near $25.6.

Avalanche Price Rises As FIFA And VanEck Embrace AVAX Ecosystem

FIFA, the organization governing the world's football associations, has launched its custom, engagement-oriented Layer 1 blockchain on Avalanche. FIFA Collect, a digital collectibles application, is migrating to the new chain to take advantage of its scalability and other improvements.

FIFA Launches Multi-Purpose Blockchain on Avalanche

Avalanche (AVAX) has continued its uptrend after retracing above the 21-day SMA.

Avalanche Price Pauses If It Topples Above $22

Algorand

Polygon

FIFA will build its EVM blockchain using technology Avalanche L1 and migrate its NFT collection to the new network.

FIFA taps Avalanche for own EVM-compatible network, plans to migrate NFT collection from Algorand and Polygon

FIFA will migrate its NFT platform to a custom Avalanche-based blockchain, ending its previous ties with Algorand and Polygon.

FIFA Kicks Off Avalanche L1 to Power Soccer NFT Collectibles Platform

FIFA, football's global governing body, plans to use Avalanche's network to power its own dedicated layer-1 blockchain.

News for Avalanche Crypto (AVAX)